About 320 London St
Tremendous investment opportunity offered at a great price in Olde Towne Portsmouth! Ready for a buy and hold or update and dramatically increase equity. 3 Units: Building sq ft: 3,430, All units have central AC. All units have auto 1 yr renewal, 60 day renewal notice periodUnit 1A: 2 bedroom, 1 bath, sq ft. Rents for $1,500 a month*Lease end date 01/31/2025 Unit 2A: 1 bedroom, 1 bath, 700 sq ft. Rents for $800 a month (barely raised in 10 years)*Lease end date 10/31/2017 Unit 2B: 1 bedroom, 1 bath, 700 sq ft. Rents for $825 a month*Lease end date 03/31/2019Total Rental Income: $3,125
Features of 320 London St
| MLS® # | 10651284 |
|---|---|
| Price | $385,000 |
| Bathrooms | 0.00 |
| Year Built | 1870 |
| Type | Apartments 3+ |
| Sub-Type | Converted Single Fam |
| Status | Active |
Community Information
| Address | 320 London St |
|---|---|
| Area | Central Portsmouth |
| Subdivision | OLDE TOWNE |
| City | Portsmouth |
| State | Virginia |
| Zip Code | 23704 |
Amenities
| Utilities | City Sewer, City Water, Electric, Gas, Meter |
|---|---|
| Parking | Lot, Off Street, Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Nat Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Vinyl, Wood |
|---|---|
| Roof | Asphalt Shingle |
| Construction | Other |
| Foundation | Basement |
School Information
| Elementary | Park View Elementary |
|---|---|
| Middle | Churchland Middle |
| High | IC Norcom |
Additional Information
| Days on Market | 12 |
|---|---|
| Zoning | HLO |
| Short Sale | No |
| RE / Bank Owned | No |